You can stop pitying suburban office landlords now – Crain’s

Office vacancy in suburban Chicago fell to 22.6 percent in fourth-quarter 2014, down from 23.4 percent in the previous quarter and from 24.3 percent a year earlier. Lowest level in more than six years. via Suburban Chicago office vacancy rate drops to six-year low – Trend Of The Week – Crain’s Chicago Business.

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Yes! Rauner to Appoint Leslie Munger as Illinois Comptroller – WP Original

By: Mark Glennon*   Governor-elect Rauner today announced he will appoint Leslie Munger of Lincolnshire to replace Judy Topinka as Illinois Comptroller.   Munger, new to politics, recently lost her race to incumbent Democrat Carol Sente for the Illinois House.   She is an exceptionally fine choice. We first noticed her early in her race against Sente. She struck us as a superstar in waiting, and we asked her to write this guest piece for us about the Illinois economy. As we wrote, she is “accomplished, articulate, smart, energetic, and fed up with Springfield.” She is socially moderate and fiscally

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State of Disunion: Public Unions vs Trade Unions – City Journal

The disastrous debut of Obamacare and the ever-tighter alliances between public unions and the Democratic Party’s antigrowth factions—especially environmentalists—have further alienated private-sector labor leaders. The head of the American Federation of Teachers, Randi Weingarten, went so far as to offer a local labor official $1 million in union campaign support to take on Emanuel, up for reelection in February. But private unions have a different view of the mayor.

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Crude oil moved by rail drawing Illinois scrutiny – THonline.com

Local officials have little jurisdiction over rail transportation, and some have felt powerless as a torrent of domestically produced oil has begun running through their communities by rail. But that doesn’t mean they don’t have any say. A coalition was formed five years ago to push the rail industry’s federal regulators to pay attention to the effects of increased train traffic in Aurora and Barrington. http://www.thonline.com/news/iowa-illinois-wisconsin/article_d93b561b-b804-5f39-8f8f-3463807d328f.html

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Illinois Supreme Court to hear pension reform bill – Daily Chronicle

The five state-run pension systems for teachers, rank-and-file state employees, college professors, judges and state lawmakers are just under 43 percent funded, and carry a $111 billion unfunded liability, plus another $56 billion of unfunded debt for retirees’ health benefits. http://www.daily-chronicle.com/2015/01/04/illinois-supreme-court-to-hear-pension-reform-bill/auns234/

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